The Latest Breaking News from US Federal Reserve

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

U.S. Treasury Secretary Scott Bessent escalated his criticism of the Federal Reserve on Friday, urging sweeping reforms and accusing the central bank of driving inflation and inequality while President Donald Trump weighs successors to Fed Chair Jerome Powell.

Today’s MAGA intellectuals rail against COVID restrictions, but in 2020 many cheered them on—or demanded even harsher crackdowns.

Wall Street reached new records, but the euphoria ran out as a disappointing US jobs report was released, fuelling expectations that the Federal Reserve will cut key interest rates at its next meeting in September.

Private-sector payroll growth halves in August as layoffs surge, marking highest job cuts since 2020.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. September E-mini S&P futures (ESU25 ) are down -0.49%, and September E-mini Nasdaq futures...

Shares of UWM Holdings Corp (NYSE:UWMC) are trading higher Friday morning, as a surprisingly weak August jobs report sent waves across Wall Street, fueling expectations of imminent Federal Reserve interest rate cuts.

The August jobs report came in much lower than expected, lifting the odds that several rate cuts will come through by year's end.

The dollar index (DXY00 ) today is sharply lower by -0.75% on the weak US unemployment report and the increased expectations for Fed easing through year-end. The dollar was also undercut by the sharp -8 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials. The...